Wayne Plummer, tax partner with PricewaterhouseCoopers, answers questions about tax considerations for capital returns.

Topics discussed include:

• What actions to take when returning an amount of capital to shareholders.
• What power the Australian Taxation Office (ATO) Commissioner has to characterise a return differently. 
• The type of information which should be included in an application for a class ruling.
• Whether the ATO will provide an opportunity to review a ruling before it is made public.